Today news
About the same in other media
Wage inflation hits Close Brothers Asset Management as profits shrink 27%
Reading now: 422
In its half-year results published today (19 March), the asset manager said costs related to wage inflation and new hires «more than offset» its income growth, despite delivering net inflows of 9% annualised. Close Brothers halts dividends amid 'uncertainty' over FCA motor finance review Adjusted operating profit for the six months stood at £6.3m compared with £8.6m in the six months to 31 January 2023. The company explained adjusted operating profits is stated before the amortisation of intangible assets on acquisition, goodwill impairment, exceptional items and tax. Total assets ...
To continue reading this article...
Join now
Login
Read more on investmentweek.co.ukAbout this in other media
Close Brothers AM hires additional investment manager from Investec W&I investmentweek.co.uk /8 months ago
An inflation gauge closely tracked by the Federal Reserve shows price pressures easing gradually abcnews.go.com /8 months ago
An inflation gauge closely tracked by the Federal Reserve shows price pressures easing gradually abcnews.go.com /8 months ago
Show more
The website fvbb.com is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.
